We welcome article submissions from experts in the areas of coal, mining,
shipping, etc.
To Submit your article please click here.
|
|
|
Friday, 12 June 20
COAL INDIA LIMITED SET FOR MARKETING DRIVE TO CREATE DEMAND - FINANCIAL EXPRESS
State-run miner Coal India (CIL), which is primarily focused on supplying coal to the power sector, is now reorienting its marketing to create demand amid concerns over fall in despatches. The company is primarily tapping domestic coal based power plants and non power consumers which import coal.
CIL so long didn’t have to think of demand and meeting the power sector’s requirement was a challenge till recently. Even when the non power sector was starved of coal and had to lift the fuel, paying high premium above notified prices through e-auctions, CIL gave priority to the power sector for supplies. However, with the power sector piling up with 50 million tonne of stocks sufficient for 29 days of consumption, the mining behemoth will now have to focus on marketing and look into the factors that create demand.
A CIL official said the company so long has worked on the supplies side improving facilities to its customers like reduction in reserve prices of coal in auctions and liasoning with the Railways on behalf of the customers but never looked into the mechanism of creating demand. Demand is based on many factors like logistics, freighter movement, fluctuation in international prices, affecting landed cost most importantly the liquidity condition of the consumer. CIL will now have to take into considerations these factors too.
To find the avenues for expanding its supplies, CIL is now focusing on non power sector consumers like sponge iron, cement, fertiliser, captive power plants, and steel, persuading them to replace their imported coal with domestic coal. “Dialogue is on with customers who opted for import substitution in FY20. Until demands picks from the non power sector supplies will be low key,” a CIL official said.
CIL has also developed a portal in which consumers can register the details of their demand for domestic coal towards import substitution and secure allocation of the fuel. CIL has flagged for government’s consideration the case for lower or discounted railway tariff for transportation of quantities of domestic coal booked by consumers which will facilitate import substitution.
Although the company feels the move would result in curtailing forex outgo arising out of coal imports and help CIL expand its supply volumes, CIL continues to be beset with tepid demand for coal with most of the customers shying away from lifting adequate quantities. Power sector, which makes up close to 80% of CIL’s total supplies, is brimming over with nearly 50 million tonne (MT) of coal sufficient for 29 days of consumption ending May 2020. Already many plants have started restricting supplies from CIL further shrinking the despatches of coal companies. For the month of May 2020, power sector at 30.15 MT, lifted only around 75% of coal, from CIL, compared to what it did same month a year ago, resulting in a 10.23 MT slide in supplies. During May 2019, power utilities lifted 40.38 MT of coal.
Meanwhile, the Center has mulled creating a coal exchange in the lines of commodity exchange with a view to open the sector to market forces with the government allowing commercial mining. The coal ministry is likely to begin auctioning of around 50 coal blocks for commercial mining on June 11. The government plans to get ready with the coal exchange with the commercial miners getting ready for production. All the coal produced in the country, including CIL’s will be traded through the exchange online and market forces will determine pricing of coal in a transparent manner.
CIL officials said this form of coal, trading would mean end of the regime of fuel supply agreement (FSA) and coal will be thrown open to the markets. In view of that, CIL, though would continue to remain a lead player, would need to transform itself to a market driven company, for which it is reorienting it marketing to work on creating demand. With the coal sector thrown open to the market, every consumer be it the power or non power sector, will have a level playing field.
Source: Financial Express
If you believe an article violates your rights or the rights of others, please contact us.
|
|
Friday, 18 November 22
REALITIES OF LOI LIABILITIES - BALTIC EXCHANGE
KNOWLEDGE TO ELEVATE
The cargo misdelivery claim in Trafigura Maritime Logistics Pte Ltd v. Clearlake Shipping Pte Ltd (Miracle Hope) [2022] E ...
Tuesday, 15 November 22
CHINA SEES RISING COAL STORAGE AMID SUPPLY PUSH - XINHUA
Coal stockpiles at China’s power plants have seen considerable increases, ensuring energy supply for the winter, the country’s energy r ...
Tuesday, 15 November 22
SEABORNE THERMAL COAL PRICES START TO EASE, BUT PROCESS IS UNEVEN - REUTERS
Prices for seaborne thermal coal have started to drop as fears of a winter energy crunch ease, but the rate of decline has varied across the differ ...
Thursday, 10 November 22
INDIA: THERMAL PLANTS HAVE ADEQUATE COAL STOCKS AT 25.6 MILLION TONNES, SAYS GOVT - IANS
The coal stock with domestic dry fuel-based power plants, as on October 31, was 25.6 million tonnes, the government said, adding that the availabil ...
Tuesday, 08 November 22
OUTLOOK ON CHINA’S WEAKENED BASIC MATERIALS SECTOR CLOUDED BY POLICY SWINGS - FITCH RATINGS
Fitch Ratings expects basic materials demand in China to improve qoq in 4Q22, driven by seasonally higher construction activity, solid infrastructu ...
|
|
|
Showing 191 to 195 news of total 6871 |
|
 |
|
|
|
|
| |
|
 |
|
|
| |
|
- Malabar Cements Ltd - India
- Meenaskhi Energy Private Limited - India
- Larsen & Toubro Limited - India
- Altura Mining Limited, Indonesia
- Pipit Mutiara Jaya. PT, Indonesia
- Global Green Power PLC Corporation, Philippines
- Leighton Contractors Pty Ltd - Australia
- PetroVietnam Power Coal Import and Supply Company
- SN Aboitiz Power Inc, Philippines
- Antam Resourcindo - Indonesia
- Holcim Trading Pte Ltd - Singapore
- Pendopo Energi Batubara - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- McConnell Dowell - Australia
- Wood Mackenzie - Singapore
- Alfred C Toepfer International GmbH - Germany
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Vizag Seaport Private Limited - India
- Commonwealth Bank - Australia
- Bhatia International Limited - India
- Kaltim Prima Coal - Indonesia
- Sical Logistics Limited - India
- Rio Tinto Coal - Australia
- Videocon Industries ltd - India
- Siam City Cement PLC, Thailand
- CIMB Investment Bank - Malaysia
- Semirara Mining Corp, Philippines
- Price Waterhouse Coopers - Russia
- GVK Power & Infra Limited - India
- Gujarat Sidhee Cement - India
- New Zealand Coal & Carbon
- Neyveli Lignite Corporation Ltd, - India
- Bahari Cakrawala Sebuku - Indonesia
- Heidelberg Cement - Germany
- Bank of Tokyo Mitsubishi UFJ Ltd
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Central Electricity Authority - India
- Merrill Lynch Commodities Europe
- Bulk Trading Sa - Switzerland
- Planning Commission, India
- Aditya Birla Group - India
- Bukit Baiduri Energy - Indonesia
- Parliament of New Zealand
- Indogreen Group - Indonesia
- Singapore Mercantile Exchange
- Directorate Of Revenue Intelligence - India
- Uttam Galva Steels Limited - India
- Sindya Power Generating Company Private Ltd
- Global Business Power Corporation, Philippines
- Power Finance Corporation Ltd., India
- Marubeni Corporation - India
- Orica Mining Services - Indonesia
- Riau Bara Harum - Indonesia
- Salva Resources Pvt Ltd - India
- GMR Energy Limited - India
- SMC Global Power, Philippines
- Grasim Industreis Ltd - India
- Attock Cement Pakistan Limited
- Mintek Dendrill Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Simpson Spence & Young - Indonesia
- Sree Jayajothi Cements Limited - India
- Ministry of Finance - Indonesia
- Ambuja Cements Ltd - India
- Agrawal Coal Company - India
- Interocean Group of Companies - India
- Kartika Selabumi Mining - Indonesia
- Anglo American - United Kingdom
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Kepco SPC Power Corporation, Philippines
- Toyota Tsusho Corporation, Japan
- IEA Clean Coal Centre - UK
- Orica Australia Pty. Ltd.
- Chettinad Cement Corporation Ltd - India
- Indian Oil Corporation Limited
- India Bulls Power Limited - India
- Sakthi Sugars Limited - India
- Metalloyd Limited - United Kingdom
- CNBM International Corporation - China
- Kapuas Tunggal Persada - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Vedanta Resources Plc - India
- Renaissance Capital - South Africa
- Global Coal Blending Company Limited - Australia
- Makarim & Taira - Indonesia
- Jaiprakash Power Ventures ltd
- Africa Commodities Group - South Africa
- Aboitiz Power Corporation - Philippines
- PTC India Limited - India
- Medco Energi Mining Internasional
- Mercuria Energy - Indonesia
- Gujarat Mineral Development Corp Ltd - India
- Indika Energy - Indonesia
- Karaikal Port Pvt Ltd - India
- Borneo Indobara - Indonesia
- Petron Corporation, Philippines
- Port Waratah Coal Services - Australia
- Energy Link Ltd, New Zealand
- Barasentosa Lestari - Indonesia
- Latin American Coal - Colombia
- Savvy Resources Ltd - HongKong
- Oldendorff Carriers - Singapore
- Georgia Ports Authority, United States
- Kumho Petrochemical, South Korea
- Independent Power Producers Association of India
- Indo Tambangraya Megah - Indonesia
- White Energy Company Limited
- Binh Thuan Hamico - Vietnam
- Kideco Jaya Agung - Indonesia
- Wilmar Investment Holdings
- VISA Power Limited - India
- TeaM Sual Corporation - Philippines
- Ministry of Transport, Egypt
- Xindia Steels Limited - India
- The University of Queensland
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Ministry of Mines - Canada
- South Luzon Thermal Energy Corporation
- Mjunction Services Limited - India
- Trasteel International SA, Italy
- Coastal Gujarat Power Limited - India
- Dalmia Cement Bharat India
- Bukit Asam (Persero) Tbk - Indonesia
- Electricity Generating Authority of Thailand
- Directorate General of MIneral and Coal - Indonesia
- IHS Mccloskey Coal Group - USA
- Edison Trading Spa - Italy
- Tamil Nadu electricity Board
- Essar Steel Hazira Ltd - India
- Electricity Authority, New Zealand
- Gujarat Electricity Regulatory Commission - India
- Coalindo Energy - Indonesia
- Krishnapatnam Port Company Ltd. - India
- Bukit Makmur.PT - Indonesia
- Bangladesh Power Developement Board
- Eastern Energy - Thailand
- Goldman Sachs - Singapore
- Economic Council, Georgia
- GN Power Mariveles Coal Plant, Philippines
- TNB Fuel Sdn Bhd - Malaysia
- Posco Energy - South Korea
- Australian Coal Association
- Meralco Power Generation, Philippines
- GAC Shipping (India) Pvt Ltd
- Miang Besar Coal Terminal - Indonesia
- Formosa Plastics Group - Taiwan
- Minerals Council of Australia
- Kalimantan Lumbung Energi - Indonesia
- Baramulti Group, Indonesia
- London Commodity Brokers - England
- European Bulk Services B.V. - Netherlands
- Kohat Cement Company Ltd. - Pakistan
- Kobexindo Tractors - Indoneisa
- ASAPP Information Group - India
- Central Java Power - Indonesia
- Indian Energy Exchange, India
- Bayan Resources Tbk. - Indonesia
- Siam City Cement - Thailand
- Thai Mozambique Logistica
- Rashtriya Ispat Nigam Limited - India
- Lanco Infratech Ltd - India
- MS Steel International - UAE
- Jorong Barutama Greston.PT - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Banpu Public Company Limited - Thailand
- International Coal Ventures Pvt Ltd - India
- Sarangani Energy Corporation, Philippines
- Cement Manufacturers Association - India
- Jindal Steel & Power Ltd - India
- Deloitte Consulting - India
- Iligan Light & Power Inc, Philippines
- Therma Luzon, Inc, Philippines
- Ind-Barath Power Infra Limited - India
- Intertek Mineral Services - Indonesia
- LBH Netherlands Bv - Netherlands
- Billiton Holdings Pty Ltd - Australia
- Bhoruka Overseas - Indonesia
- Straits Asia Resources Limited - Singapore
- Indonesian Coal Mining Association
- Ceylon Electricity Board - Sri Lanka
- Romanian Commodities Exchange
- Manunggal Multi Energi - Indonesia
- Bhushan Steel Limited - India
- Timah Investasi Mineral - Indoneisa
- Bharathi Cement Corporation - India
- The State Trading Corporation of India Ltd
- Petrochimia International Co. Ltd.- Taiwan
- Karbindo Abesyapradhi - Indoneisa
- Mercator Lines Limited - India
- Thiess Contractors Indonesia
- Parry Sugars Refinery, India
- Vijayanagar Sugar Pvt Ltd - India
- OPG Power Generation Pvt Ltd - India
- Energy Development Corp, Philippines
- Semirara Mining and Power Corporation, Philippines
- Maheswari Brothers Coal Limited - India
- The Treasury - Australian Government
- AsiaOL BioFuels Corp., Philippines
- SMG Consultants - Indonesia
- Star Paper Mills Limited - India
- PNOC Exploration Corporation - Philippines
- ICICI Bank Limited - India
- Sojitz Corporation - Japan
- Samtan Co., Ltd - South Korea
- Standard Chartered Bank - UAE
- Globalindo Alam Lestari - Indonesia
- Coal and Oil Company - UAE
- Australian Commodity Traders Exchange
- San Jose City I Power Corp, Philippines
- Madhucon Powers Ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Cigading International Bulk Terminal - Indonesia
- Sinarmas Energy and Mining - Indonesia
- PowerSource Philippines DevCo
|
| |
| |
|
